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Nick Jones Profile picture
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28 Jan, 6 tweets, 2 min read
If you're not aware of @matt_levine - he is a fantastic resource for financial news. Pithy daily newsletter manages to be that v rare combo: wonkish to pull you in, yet simple enough a layperson can follow along.

His $GME coverage this week has been exemplary. /1
If you want to get a genuinely interesting, balanced take on this story, I would strongly recommend you start at his coverage from the start of the week, and enjoy it all unfolding through his expert eyes. /2
Monday - after the weekend flurry, he dissects the different perspectives on this story: The fundamentals, the short squeezing, and the YOLO story - touching on Matt's own pet theory - the Bordem Market's Hypothesis.

bloomberg.com/opinion/articl… /3
Tuesday - dives in to the potential illegalities of short squeezing and market manipulation.

bloomberg.com/opinion/articl…
/4
Wednesday - After that Musk tweet.

bloomberg.com/opinion/articl… /5
I've yet to read today's update, which was published in the last hour or two.

bloomberg.com/opinion/articl… /6

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More from @pokerprojones

Nick Jones Profile picture
29 Jan
Interesting article on PRO this week on poker apps. thought this would be a good opportunity to go over some back story on apps.

First, GGPoker launched their own app, ClubGG 👇

pokerindustrypro.com/news/article/2… (1/24)
So, this is GG's first entry into "home games" features and in that way competes with the offers from PokerStars, partypoker, 888 etc.

But, notably, it follows much more closely the agent model of private clubs. More on that in a bit. (2/24)
Refresher on what we mean when we talk "apps": They are mobile-first, often mobile-only apps that allow you to run private clubs. They do not handle real money withdrawals.

They might have a "global" player pool, but most action is private tables. (3/24)
Read 24 tweets
Nick Jones Profile picture
21 Jan
Right, let's put a bit more context behind this tweet from yesterday.

Here's a thread on the history of the Wire Act interpretation over the last decade and its impact on online poker - and where we're going next. /1
I won't regurgitate the entire decade-long Wire Act story. You can read this on PRO today for more detail; in a couple of hours @SpookyBugs will have a detailed piece up on pokerfuse too.

But very briefly...

pokerindustrypro.com/news/article/2… /2
Circa 1961: Wire Act prevents sports betting from crossing state lines (this is obv pre-internet, so we're talking phoning your bookmaker)

Law is poorly written and leaves open some ambiguity, especially when trying to apply it to a world of online gaming & poker. /3
Read 39 tweets
Nick Jones Profile picture
13 Nov 20
So, this is such a good idea it's kind of hard to believe this hasn't been done before honestly.

- Invite-only KO event
- 48 streamers invited to play
- poker plrs + other games/esports
- Everyone streams
- $50,000 prize pool
- "Raid" viewers on KO

(more thoughts below ⬇️)
According to the rules

- All 48 streamers stream on Twitch
- Everyone has 3 lives. (I guess like a multi-stack tournament? - wasn't aware partypoker supported this tbqh)
- If you knock someone out for the 3rd and final time, you get their bounty and *also their viewers*
So this is new to me, but apparently the kids are calling these "raids" and in fact the Twitch platform has support for this built-in.

When a streamer ends their streamer, with the /raid command they can send all their viewers to watch another stream.

help.twitch.tv/s/article/how-…
Read 12 tweets
Nick Jones Profile picture
13 Nov 20
Especially relevant with today's news that GG's relationship with the WSOP extends: These are my main takeaways from Flutter's Q3 financial results this week as it pertains to poker (thread 👇)

pokerindustrypro.com/news/article/2…
So the headline figures:

- PokerStars division (includes sports + casino) flat YoY
- in constant currency, up 5%
- The "gaming" segment (casino + poker), up 6% cc

However, in that, they reported (only in relative figures, in cc)
🎲 casino +32%
🏅sports +3%
🃏 Poker -10%
So as they quickly pointed out, this is "returning to pre-Covid run-rates." Which is accurate. Pre-flutter, online poker at TSG has been down 10%+ every quarter since Q4 2018 (black line in chart below)
Read 26 tweets
Nick Jones Profile picture
27 Aug 20
Some first notes on Flutter's H1 from a poker perspective.

Phone-in analysts' call is in 15 mins, but the presentation is already live.

staticcontents.investis.com/media/f/flutte…
Top line - from what I can tell, Flutter are going to stop reporting revenue numbers from poker, which is very disappointing.

PokerStars (non-US) division is broken down by sports and gaming, the latter of which will include casino.

Up 40% YoY.
"A picture paints a thousand words."

This should come as no surprise for followers. This chart follows their cash game data very closely.

Goes to show how it is still an excellent metric for seeing these trends, despite tournaments making up ~70% of revenue.
Read 21 tweets
Nick Jones Profile picture
4 Jan 19
So this week, along with the regular content - of which we're still snowed under and have a large backlog, it's been a mad busy time and with PSPC starting at the weekend, it's not going to quieten down any time soon - we have been having some fun looking back at 2018.
We've done curations this week on our top 20 exclusive articles and top 20 longer-form features - both are in front of the paywall (but not the articles they link to - psyche!) so feel free to check them out:

- pokerindustrypro.com/news/article/2…

- pokerindustrypro.com/news/article/2…
And today I curated "Twelve Stories that Shaped the Year" - 12 rather opinionated picks by moi, one story for each month of 2018, that I think encapsulated a key theme last year. Or I just really liked the story.

pokerindustrypro.com/news/article/2…
Read 19 tweets

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